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GPT Infraprojects LtdInvestor Presentation
June 2015
2
Safe Harbour
This presentation and the accompanying slides (the “Presentation”), which have been prepared by GPT Infraprojects Limited (the
“Company”), have been prepared solely for information purposes and do not constitute any offer, recommendation or invitation
to purchase or subscribe for any securities, and shall not form the basis or be relied on in connection with any contract or binding
commitment whatsoever. No offering of securities of the Company will be made except by means of a statutory offering
document containing detailed information about the Company.
This Presentation has been prepared by the Company based on information and data which the Company considers reliable, but
the Company makes no representation or warranty, express or implied, whatsoever, and no reliance shall be placed on, the
truth, accuracy, completeness, fairness and reasonableness of the contents of this Presentation. This Presentation may not be all
inclusive and may not contain all of the information that you may consider material. Any liability in respect of the contents of, or
any omission from, this Presentation is expressly excluded.
Certain matters discussed in this Presentation may contain statements regarding the Company’s market opportunity and business
prospects that are individually and collectively forward-looking statements. Such forward-looking statements are not guarantees
of future performance and are subject to known and unknown risks, uncertainties and assumptions that are difficult to predict.
These risks and uncertainties include, but are not limited to, the performance of the Indian economy and of the economies of
various international markets, the performance of the industry in India and world-wide, competition, the company’s ability to
successfully implement its strategy, the Company’s future levels of growth and expansion, technological implementation,
changes and advancements, changes in revenue, income or cash flows, the Company’s market preferences and its exposure to
market risks, as well as other risks. The Company’s actual results, levels of activity, performance or achievements could differ
materially and adversely from results expressed in or implied by this Presentation. The Company assumes no obligation to update
any forward-looking information contained in this Presentation. Any forward-looking statements and projections made by third
parties included in this Presentation are not adopted by the Company and the Company is not responsible for such third party
statements and projections.
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Content
About GPT Infraprojects1
GPT Businesses2
Key Business Strengths & Growth Strategy3
Financial Highlights4
About GPT Infraprojects
4
5
GPT Group
3 Hospitals under
management
PE Investment by
Banyan Tree
Manufacturing SG cast
Iron shoulders for
Indian Railways
6,500 TPA induction
furnace at Barjora
Concrete Sleeper
manufacturing
Infrastructure
Business
PE investment by
Nine Rivers Capital
GPT Infraprojects GPT Castings GPT Healthcare
Flagship Company of the
Group
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GPT Infraprojects – An Overview
Concrete SleepersInfrastructure
Production commenced in 1982, one of
the early entrants in the sector
Pioneered use of indigenous “stress-
bench” production system in foreign
countries, where manpower is available
Over 1 mn units sleeper manufacturing
capacity spread at 3 manufacturing
locations in India, South Africa and
Namibia
Manufacturing sleepers for mainline,
curves, bridges, level crossings, points &
crossing
Capabilities cover entire value chain
Civil infrastructure projects in Railways,
Roads, Airports and Urban Infrastructure
Entered segment in 2004 and rapidly
expanded execution capabilities
Expertise in Riverine Bridges, large span
steel superstructures and turnkey rail &
road infra projects
Executed landmark projects like:
Double Decker Rail-cum-Road Bridge
over River Ganga at Patna (longest
steel bridge in India)
Bridges in Sunderban and Tripura
International foray in
sleeper business with orders
from countries like:
Bangladesh
Myanmar
Mozambique
Expansion of global
footprint in Myanmar,
South Africa & Sri
Lanka
Establishment of sleeper
plant in Namibia
Ventured into Infrastructure
business with orders from
Railways and other Govt.
agencies
Order for rehabilitation of
Dona Ana Railway Bridge
over River
Zambezi in Mozambique
Evolved as leading Infra projects developer
Received prestigious
Emerging India award from
ICICI Bank, CNBC TV-18 and
CRISIL
Incorporated as “Tantia
Concrete Products Ltd”
for manufacturing PSC
sleepers for Indian Railways
4
1980-82 1999-2006 2007-10 2011-14
Sleeper production
commenced in 1982
Private Equity Investment
of USD 6 mn by Nine Rivers
Capital
Order for Ganga Rail-cum-
Road Bridge at Parna, the
longest steel bridge in the
country
Doubled manufacturing
capacity in South Africa
Further expansion of the
infrastructure business with
projects across the country
– Arunachal Pradesh, West
Bengal, Uttar Pradesh
8
Corporate Structure
GPT Infraprojects
GPT -Transnamib,
Namibia
37%
Production commenced in
2009
Production capacity of
500,000 sleepers
Production commenced in
2011
Production Capacity of
200,000 sleepers
JV with Govt. of Namibia
for setting up plant in PPP
model
GPT Concrete Products,
South Africa
69%
Sleeper Business:
Production commenced in
1982
Production capacity of
480,000 sleepers
Infrastructure:
Specialization in building
Steel Girder bridges
GPT : Concrete Sleeper Business
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Manufacturing Concrete sleepers for
Mainline, Bridges, Curves, Level Crossings,
Points, Crossings
Manufactured over 12 mn Concrete
Sleepers till date
Sleepers supplied to Indian Railways,
Public Sector Undertakings (PSUs) and
Private Companies in Power, Cement &
Steel Sector
Initiated the export of concrete sleepers
and setting up plants & manufacturing for
foreign railway systems
Pioneered use of indigenous “stress-
bench” production system in foreign
countries, where manpower is available
10
Concrete Sleeper Business
Capabilities cover entire Value ChainOverview
Design of Track Superstructure
Manufacture of Concrete Sleepers
Transfer of Production Technology
Establishment of Concrete Sleeper plant
Investment in Plant & Machinery
11
Manufacturing facilities
Located across geographies
480,000 pcs at Panagarh, Kolkata,
India
500,000 pcs at Ladysmith, South Africa
200,000 pcs at Tsumeb, Namibia
One of the largest single-location concrete
sleeper manufacturers in India
Capacity expansion completed in South
Africa
Steady ramp up of Production
Capex funded from Internal Accruals
and Debt
206,909 pcs production in FY15
# 1.2 mn pcs manufacturing capacity
12
Global footprint
Bangladesh
Supplied 350,000
Dual Gauge Concrete
Sleepers for
prestigious Jamuna
Bridge Rail Project
Export
Srilanka
Supplied 160,000
sleepers and turnout
sleepers for Sri
Lankan Railways
Set up Plants
Mozambique
Installed 2 plants in
record time of 6
months to
manufacture and
supply 750,000
sleepers for World
Bank funded Sena
Line Project
Myanmar
Orders for Turnkey
Installations of
Concrete Sleeper
Plant
Mozambique
South Africa
Namibia
Ghana
India
Bangladesh
Myanmar
Sri Lanka
India / South Africa / Namibia
Manufacturing Facilities
FY11 FY12 FY13 FY14 FY15
836
1,109
1,271 1,264
912
13
Concrete Sleeper Business: Financial performance
EBITRevenue
FY11 FY12 FY13 FY14 FY15
111
179
123
146
78
13% 16% 10% 12% 9%
In Rs Mn
EBIT Margin
GPT : Infrastructure Business
14
Civil Infrastructure Projects mainly in
Railways, Road and Industrial Infrastructure
sector for Government
Expertise in Construction of Riverine
bridges on deep well or pile foundation with
steel or concrete superstructure of large
span
Structural steel fabrication and launching of
large span steel superstructure over
perennial river or in running traffic
condition
Turnkey rail & road infrastructure
works, including construction of
embankment, rigid & flexible
pavements, ROBs, and rail track
15
Infrastructure Business
Value PropositionOverview
Concept to commissioning of complex
infrastructure projects
Engineering & Technology Innovation
Timely Delivery of Technically &
logistically challenging projects
16
Key Infrastructure Segments
Steel BridgesBridges
Capability to execute from Foundation to
Completion on Turnkey basis
Expertise in construction of all major types
of foundation & superstructures
Received Certificate of excellence for
contract execution for Innovative
Construction methods
One of very few companies involved in
construction of Mega Bridges with Steel
Superstructure for Indian Railways
Capable of executing projects involving
challenging erection & construction
methods including difficult terrain, flowing
river, & running traffic
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Key Infrastructure Segments
Industrial InfrastructureRail & Roads
Offers end – to – end solution for roads &
railway infrastructure including
planning, design, construction &
maintenance
Experience in construction of elevated
Metro & light rail systems and Heavy duty
concrete pavements for Airports
Expertise in foundation works & structural
fabrication for bridges – Industrial
infrastructure, A natural progression
Complementary with GPT’s core strength as
Large industrial infrastructure project
generally requires Railway siding, Roads
FY11 FY12 FY13 FY14 FY15
3,483
3,109
3,543
3,116 2,899
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Infrastructure Business: Financial Performance
EBITRevenue
FY11 FY12 FY13 FY14 FY15
432 459 461
396 420
In Rs Mn
12% 15% 13% 13% 14%
EBIT Margin
Key Strengths & Growth Strategy
19
20
Key Strengths
Niche in key segments of steel bridges
Usage of Modern & latest technology
Dynamic leadership with strong industry experience
Diversified Order book by segment & by geography
Consistent operating performance delivered by the Company
even during challenging economic conditions
Reputed clientele & Strong Relationship gets Repeat Orders
Strong Execution
Track Record
Well Qualified
Team
Diversified
Order Book
Consistent
Financial
Performance
Strong Customer
Relationship
1
2
3
4
5
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Strong Execution Track Record
Construction of washed
away Bridge No. 168 on
Howrah – Mumbai main
line for South Eastern
Railway
restoration work as well
as permanent bridge was
completed in 8 months
Completed View of Bridge
over River Mayurakshi
(10 x 30.5m PSC Box
Girders on Well
Foundations)
on Deogarh-Dumka Line
of Eastern Railway
1
22
Strong Execution Track Record
Launching of 250’ span
railway bridge girder in
progress
for Br. No. 41 on
Lakhikantpur to
Namkhana section of
Eastern Railway
Girder Launching in Progress
during Traffic Block on Bridge
No. 84
between Howrah &
Kharagpur of South Eastern
Railway
23
Leadership Team2
Over 35 years experience in the
Infrastructure sector
Leads Company's international initiatives
Mr. Dwarika Prasad Tantia, Chairman
Over 28 years experience in infrastructure
and civil construction sectors
Responsible for Business Development
Mr. Shree Gopal Tantia, MD
BS in Economics & Systems Engineering from
Wharton School, UPenn
Responsible for international
businesses, including operations & business
development
Mr. Atul Tantia, Executive Director
BS in Economics & Civil Engineering from
Wharton School, UPenn
Responsible for execution of infrastructure
projects and tendering
Mr. Vaibhav Tantia, Director & COO
Mr. A K Dokania, CFO Mr. Subrata Ray, Sr. VP (Technical)
B. Com, FCA with over 25 years experience
in accounting, finance and banking
Strong background in audit, taxation and
legal matters
B. Tech in Civil Engineering having rich
experience of over 35 years
Responsible for technical and design-related
matters, tendering and contract management
24
Diversified Order Book
Railway bridges
50%Industria
l11%
Others39%
FY15 Order-book Break-up
3
2,605
11,610
Infrastructure
Concrete Sleepers (82%)
(18%)
Infrastructure Order-book
India19%
South Africa43%
Namibia38%
Concrete Sleepers Order-book
No. ProjectValue
(Rs Mn)
1 Structures for BHEL in Agra for Substation 1,450
2 Ahmedpur Earthwork and Bridges for Eastern Railway 1,441
3 Bridge over Kalpi for RVNL 1,141
4 Bridge over River Fulhar for NBDA 1,008
5 Bridge in Hasnabad for WB PWD 813
6 Bridges in Sunderban for HRBC 725
7 Structures for Kanpur Dev Authority 710
8 Construction of Bridge in Manipur for NF Railway 520
9 Flyover in Gaya for IRCON 479
10 Construction of Bridge Foundation in Manipur for NF Railway 382
11 Construction of Flyover for Cochin Port Trust 360
25
Key Orders in Infrastructure Business
* as on 31 Mar 2015
26
Consistent Operating Performance
Consolidated EBITDAConsolidated Revenue
FY11 FY12 FY13 FY14 FY15
583
648 639608
590
4
In Rs Mn
FY11 FY12 FY13 FY14 FY15
4,386 4,278
4,853
4,550
3,898
27
Reputed Clientele
Railways &
Railway PSUs
NHAI, State
PWDs and
Departments
Other Key
Customers
International
Customers
Sri Lankan Railways
5
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Growth Strategy
Focus on improvement in Working Capital Cycle
Consistent follow-up to reduce time for certification of project work
Capitalise on Opportunity of huge Infrastructure development in India
Maintain performance & competitiveness developed in existing business and leverage the
expertise developed in the sectors
Targeting projects involving higher degree of engineering skills
Continuously explore growth opportunity by forming strategic Joint Venture (JVs)
relationship
Mutual benefits through sharing of resources and business skills for entering into other field of
business
Financial Highlights
29
30
Q4FY15 Highlights
Rs. Mn. Q4FY15 Q4FY14 Y-o-Y% Q3FY15 Q-o-Q%
Revenue 1,331 1,131 18% 819 63%
Other Operating Income 8 3 211% 2 401%
Net Sales 1,339 1,134 0 820 63%
Operating expenses 1,200 981 0 663 81%
EBITDA 139 153 -9% 157 -11%
EBITDA margin 10.4% 13.5% 19.2%
Depreciation 51 59 -15% 47 8%
Other Income 23 3 743% 8 176%
Interest 102 99 3% 99 3%
PBT 10 -3 - 20 -
Tax Expenses (Credits) 12 -6 - 0 -
PAT -2 3 - 20 -
Minorities -3 5 - 1 -
PAT after Minorities 1 -2 - 19 -93%
PAT Margin 0.1% -0.2% 2.3%
31
Annual Consolidated Profitability Statement
Rs. Mn. FY15 FY14 FY13
Revenue 3,883 4,520 4,826
Other Operating Income 15 8 17
Net Sales 3,898 4,528 4,843
Operating expenses 3,309 3,942 4,217
EBITDA 590 586 626
EBITDA margin 15.14% 13.40% 12.93%
Depreciation 198 202 193
Other Income 73 72 80
Interest 407 379 323
PBT 58 77 191
Tax 17 14 47
PAT 42 63 144
Minorities 0 13 7
PAT after Minorities 41 50 137
PAT Margin 1.1% 1.1% 2.8%
32
Consolidated Balance Sheet
Rs. Mn. FY14 FY15
Share Capital 143 143
Share Warrants 0 0
Reserves 1,460 1,480
Shareholder's Funds 1,604 1,623
Secured Loans 159 135
Def Tax Liabilities 64 56
Long Term Provisions 22 22
Total Non-Current Liabilities 245 213
Other Current Liabilities 1,990 2,078
Short Term Borrowings 2,188 2,134
Total Current Liabilities 4,177 4,212
Minority Interest 46 40
Total Liabilities 6,072 6,089
Rs. Mn. FY14 FY15
Fixed Assets incl. CWIP 1,412 1,318
Long Term Loans & Advances 142 290
Other Non Current Assets 97 77
Total Non-Current Assets 1,651 1,685
Currents Investments 7 7
Inventories 754 860
Sundry Debtors 886 861
Cash and Bank 169 181
Other Current Assets 2,606 2,495
Total Current Assets 4,422 4,404
Total Assets 6,072 6,089
33
For more information, please contact
Company: Investor Relations Advisors:
GPT Infraprojects Ltd.CIN:
Mr. Atul Tantia
www.gptinfra.in
Stellar IR Advisors Pvt. Ltd.CIN: U74900MH2014PTC259212
Mr. Gaurang Vasani
www.stellar-ir.com
